Accounts Certification Threshold

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ciarahelen1990
ciarahelen1990 Registered Posts: 1
in Practice owner community
Hi, just wanting to make sure I am remembering this correctly. I'm a full MAAT licenced accountant but I mostly handle small businesses (i.e. maybe £300k turnover maximum!). A customer has taken on a new contract which has significantly increased his turnover and I expect him to hit the million pound limit before his trading year ends. I am certain that this would mean he'd need to use a chartered accountant but I can't remember for definite and just wondered if anyone else could! Thanks!

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  • StephMaggs
    StephMaggs Registered Posts: 5 New contributor 🐸
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    The turnover on it's own shouldn't be an issue, if you feel comfortable handling the accounts.

    I think it is more when the Company requires a statutory audit that it becomes an issue (Turnover £15m+, Balance Sheet £7.5m+, and 50+ employees etc).

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